Ask Question
6 April, 05:34

How does a compound interest rate differ from a simple interest rate?

+1
Answers (1)
  1. 6 April, 05:40
    0
    A compound interest rate doubles each time you pay or "compounds" with the previous amount and adds up more and more every time. whereas a simple interest rate stays the same for the entirety of the time interest is paid.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How does a compound interest rate differ from a simple interest rate? ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers